Meta founder and CEO Mark Zuckerberg arrives to testify before the Senate Judiciary Committee in Washington, on Jan. 31, 2024. Madalina Vasiliu/The Epoch Times
CEO Mark Zuckerberg, along with current and former members of Meta Platforms Inc.’s board of directors, reached a settlement to close a shareholder lawsuit that accused Facebook executives of failing to prevent massive user data breaches that cost the company billions.
On July 17, the day after a formal trial began, a settlement agreement was announced in Delaware’s Court of Chancery. Terms of the settlement were not immediately disclosed.
